Novus Therapeutics Announces Exercise of Warrants for $4.7 Million Gross Proceeds
NOVUS THERAPEUTICS (NVUS)
US:NASDAQ Investor Relations:
ir.novustherapeutics.com/news-releases
Company Research
Source: Business Wire
IRVINE, Calif.--(BUSINESS WIRE)--Novus Therapeutics, Inc. (NASDAQ: NVUS), a specialty pharmaceutical company focused on developing products for patients with disorders of the ear, nose, and throat (ENT), today announced the agreement by several accredited investors to exercise certain warrants to purchase up to an aggregate of 5,605,816 shares of common stock having an exercise price of $4.00 issued by the company on May 2, 2019, at a reduced exercise price of $0.84 per share.The shares of common stock issuable upon exercise of the warrants are registered pursuant to a registration statement on Form S-1 (File No. 333-232011) which became effective by the Securities and Exchange Commission (SEC) on June 17, 2019. The gross proceeds to the company from the exercise of the warrants are expected to be approximately $4.7 million, prior to deducting placement agent fees and estimated offering expenses.H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.In c
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